Last December, we ran a piece on FOREX, based on a LowEndBox thread. We said:
The odds are stacked against the trader.
…and that is certainly true. We had some more discussion of the hurdles in that piece, so if you want to know why FOREX is such a difficult game to play, go read it.
But some people are going to want to try their hand. As long as you go into it “eyes wide open” and are not fooling yourself about the risks, there’s nothing wrong with taking your shot. Be sure to educate yourself and use only capital you can afford to put at risk.
To get involved, you’ll need a platform (like Metatrader). As we said last time:
You can run it at home, but speed is everything in the FOREX world, and you’ll quickly discover that network latency is your bottleneck. So the next step is to put your Metatrader terminal in a datacenter on a VPS or dedicated server.
I listed a couple different options but recently we had a new advertiser come on board, so let’s put them on the table as well.
CheapForexVPS has a company name that warms our LowEnd hearts. You can get started for as low as $10/month and this is a market they specialize in:
7+ Years Forex & Trading Hosting Company
We possess comprehensive expertise in MetaTrader 4 (MT4), NinjaTrader, TradeStation, and various other trading platforms.
Because we at CheapForexVPS are aware of the particular requirements of the Forex market, we have carefully crafted our optimized forex VPS packages to meet these criteria. Our dedication to provide dedicated forex VPS hosting guarantees that variables like latency or server outages won’t interfere with your trading. You may trade with confidence thanks to our optimized infrastructure since your hosting was created with the subtleties of FX trading in mind.
They offer a 99.99% SLA.
Naturally, service is in New York and London (for lowest possible latency to these trading centers). If you’ve decided to give FOREX a try, CheapForexVPS deserves your consideration. Check out the deals on their web site!
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raindog308 is a longtime community LETizen, technical writer, and self-described techno polymath. With deep roots in the *nix world, he has a passion for systems both modern and vintage, ranging from Unix, Perl, Python, and Golang to shell scripting and mainframe-era operating systems like MVS. He’s equally comfortable with relational database systems, having spent years working with Oracle, PostgreSQL, and MySQL.
As an avid user of LowEndBox providers, raindog308 runs an empire of LEBs, from tiny boxes for VPNs, to mid-sized instances for application hosting, and heavyweight servers for data storage and complex databases. He brings both technical rigor and real-world experience to every piece he writes.
Beyond the command line, raindog308 has a life-long love of German Shepherd Dogs, high-quality knives, target shooting, theology, tabletop RPGs, playing guitar, and hiking in deep, quiet forests.
His goal with every article is to help users, from beginners to seasoned sysadmins, get more value, performance, and enjoyment out of their infrastructure.
You can find him daily in the forums at LowEndTalk under the handle @raindog308.
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